Member Info for djm1

Hi Mac,

I was out most of yesterday with only half an eye on proceedings here, but i have been wondering on one point. CKE and AP have both been beavering away,at whose behest exactly and where we are not sure but you refer to the new mining plan for MT. Do you believe that this plan is based on and improved resource base at MT, i.e that EUA using the Anglo American data and additional data from AP/CKE are going to try and upgrade the reserves at MT, beyond the Cadastre numbers?

Thanks

On the balance of probability would you be buying or selling in volume right now?? Tipil, CS comments regarding applications plus would you try and sell MT/company without Flanks nailed on.......not withstanding thst a deal is not 100% guaranteed, I'm surprised the SP is not a little higher. Price still feels like its being managed to allow big buyers in.
Whatever anyone says time frames do matter to some people when investing and there will be many selling because they have to. That only invest what you can afford to lose stuff is all well and good but man has always taken risks to get ahead.People will have bought hoping for a resolution by now. Still the big buys are slowly reducing the free float.
GLA

Hi Haddad,

i imagine that the board and UBS are trying to squeeze every last drop from this process, so i if it's already an NN deal why do the FSP? No quarter asked nor given in this frankly. EUA know what they have is a licence to print money for a long time, with a low operating cost hedging against future prices, with what appears to be huge upside in potential on existing licences alone, not including additional licencing opportunities.

Haddad

if there was the remotest chance that no sale was going ahead why would the licence be held pending putting it in another company's name? It would make sense to have it in EUAs name to be on the safe side. Tipil went in our name and we have been told in an RNS that people are looking at us as a whole company purchase and/or our assets. It wasn't held back to suit anybody.

Cant see what you're saying happening.

As has been pointed out previously, the MT flanks licence was applied for a matter of days after West Kytlim's Tipil extension, it could appear as soon as Monday.

Christian Schaffalitzky, Executive Chairman commented: "The Directors are pleased with the permitting progress achieved across all of our projects. Further announcements will be made as appropriate".

For those not in you have been warned.

GLA

Rahrah

fascinating insight, thanks.

Mac,

you can imagine Anglo thinking we should have had a sell on clause like they do with footballers.

Cant even buy a few hundred!

Ian

Spikey J in the list!!!! Had to laugh at that!!!!

DIFTK
thanks for doing that. Very helpful.
GLA

Mac

somebody is bound to have a go, the direction of travel has been sign posted for some time but these bozos still think they can halt this train.

Gecko

my view exactly and ive watched CS as well, no BS, straight talking and grounded. Its clear that the overall resources are vast, how economic some are is debatable, but its clear that our board think some of them are very because we have the new WK mining plan to come which will greatly increase output, Absolute Precision and others doing...well we ware not sure but you can be sure its working for us to the upside and it would appear that there are designs on Volchetundra through a subsidiary.

It all points to the BOD saying to buyers you're going to have to give us something for the potential here on top of the the 15m oz at MT and whatever WK is worth if its the whole company. Its got the potential to blow the bloody doors off.

GLA

Gecko, this interview convinced me that we were in safe hands and if there is any additional value other than that which is currently RNSd then we will get something for it.
I keep thinking of TDT's comment about DS that hes making it up as he goes along at best or a liar at worst.

GLA

The same method and assumption for 19million ozs produces £1.10 per share. Basically approx £167.00 oz in the ground with $350.00 extraction costs /£270.00.
Total purchase and extraction costs circa $567.00 an oz, don't know if $350.00 oz allows anything for the cost to build the mine.

1.9 million ozs At $2k per oz its $38billion, x 80% its $ 3.04Billlion.
divide by 2.9billion shares its $1.0483, x15% its 0.157cents a share.

7.89 is the factor for 1.9 to 15million so 0.157 x 7.79 = $1.24 per share, X 0.77 exchange rate its 96p approx less 10 % tax its 86.4p.

Casio Fag Packet Calculator

Rowka
glad to hear you're still with us!! I was beginning to think maybe you'd been got at by the Chinese....every time you posted you put 10p on the takeover price!! If i was Dimitry I'd have you and Alex on the team!!!

F*** ME JR £4.32!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

Why not £4.31 or £4.33!!!!!! Too funny, fair play though its good to be optimistic and positive!!!!!

GLA

Mannamead,

i suspect if you look closely at one of Alex's sat pics very very carefully, you will spot Rowka on high ground with binoculars spying on MT.

"This year we are operating our own equipment, employing a team of machine operators directly and with 100% of revenue attributable to the Company. This is the first step in building production in the coming years. In order to facilitate this growth, we have worked hard to accelerate the permitting of the mine areas with the responsible bodies and this is well in hand. Additional licences are expected to follow and we look forward to building out production further."

I don't know about anyone else but I'm as keen to find out about WK as MT, our speculating has largely been on MT as an asset sale, and little has been said about WK,if MT is sold and we get a dividend we still hold share in WK and the mining area is being greatly expanded, we could have a serious mine in its own right as a cash generative asset, with Platinum approaching $1,000oz.
We don't know that AP are not busy working here on our behalf, we also know from Alex that WK looks to be motoring along nicely, i'd love an ops update on that. the maximum produced to date was 165Kg i believe, last year 66kg because of contractor error, what would a good figure be this year? Anybody on here know what we are permitted to mine?

GLA

Seeing lots of small buys here, this is now down the back of the sofa money, i have been around to all my mates houses and raided their sofas. Do i sell the kids and the dog?

GLA